Investment firm Piper Jaffray on Wednesday released their calendar year 2013 estimates for Apple, forecasting $164 billion in revenue with earnings per share of $40.50 on sales of well over 200 million iOS devices.

Responding to the news that Steve Jobs is stepping down as Apple CEO, Wall Street analysts affirmed the company's position, predicting a relatively uneventful transition for the company and calling Tim Cook "the ideal candidate" for the role.

Having recently hit the 15 billion download milestone, a new analysis has found that downloads from Apple's iOS App Store will increase 61 percent in calendar year 2011, while the average selling price of software will be up 14 percent.

Apple's newly unveiled iCloud service, which will make it easier to share content among multiple devices, is seen by one prominent analyst as even more evidence that the company is planning to release a high-definition television set as soon as late 2012.

With Apple's retail operations continuing to expand and new features and improvements constantly being rolled out, the company revealed it is already working to find a replacement for the departure of Ron Johnson.

Through the first two months of Apple's third quarter of fiscal 2011, U.S. Mac sales are up 15 percent year-over-year, but that number is expected to rise in June when Apple faces a more favorable 2010 comparison.

A new survey of attendees at Apple's annual Worldwide Developers Conference found that nearly half of iOS developers attending the conference support Android, while just 7 percent write applications for the Mac.

An iPhone manufacturing equipment supplier has reportedly indicated that Apple's orders for new equipment are "several months later than usual," implying a September launch of the fifth-generation iPhone.

Apple has achieved a record 17 percent iPhone market share among teens, a new survey has found, with an additional 37 percent of respondents indicating interest in buying an iPhone in the next 6 months.

The March 11th tsunami that has devastated Japan is expected to create shortages of Apple's most popular products for the remainder of the month and through next quarter, as at least two of the company's core component suppliers in the region have temporarily shut down operations to assess damages.